30 Jun 2014
GBP/USD oscillates after quiet start
FXStreet (Córdoba) - Following a quiet Asian morning of rangebound trade, the GBP/USD swang up and down amid comments from BoE's Bean, who suggested rate rises are fairly priced at present.
The GBP/USD rose to a daily high of 1.7040 before coming under pressure and retracing completely its intraday advance. The Cable slipped to fresh daily lows at the 1.7010 zone, and was last down 0.13% at 1.7015.
The GBP has been driven by BoE members’ comments over the last weeks, but now attention turns to the other side of the Atlantic as the US will release the nonfarm payrolls data Thursday - a day earlier of usual due to the Independance Day.
GBP/USD technical levels
In terms of technical levels, the GBP/USD could find next supports at 1.7000 (psychological level), 1.6970 (Jun 26 low) and 1.6951 (Jun 21 low). On the other hand, resistances are seen at 1.7050 (Jun 27 high), 1.7062 (2014 high Jun 19) and 1.7100 (psychological level).
The GBP/USD rose to a daily high of 1.7040 before coming under pressure and retracing completely its intraday advance. The Cable slipped to fresh daily lows at the 1.7010 zone, and was last down 0.13% at 1.7015.
The GBP has been driven by BoE members’ comments over the last weeks, but now attention turns to the other side of the Atlantic as the US will release the nonfarm payrolls data Thursday - a day earlier of usual due to the Independance Day.
GBP/USD technical levels
In terms of technical levels, the GBP/USD could find next supports at 1.7000 (psychological level), 1.6970 (Jun 26 low) and 1.6951 (Jun 21 low). On the other hand, resistances are seen at 1.7050 (Jun 27 high), 1.7062 (2014 high Jun 19) and 1.7100 (psychological level).